Payroll Analyst

Role Summary:

We are looking for an experienced payroll specialist who will ensure complete payroll processing, data verification, and employee tax management, while also actively contributing to process streamlining. The ideal candidate will have detailed knowledge of payroll issues, experience with ADP, and familiarity with state and local tax obligations. 

Your role:

Payroll process

• Ownership and responsibility of the end-to-end payroll processing of our two Hungarian legal entities
• Preparation of monthly payroll runs in cooperation with the payroll vendor
• Accurate collection, reconciliation, and transmission of all input data to the payroll vendor according to the agreed payroll schedule and legal deadlines
• Processing time and absence data (validating approvals, Ots, sick leaves, etc.)
• Clarification of input data, collaboration with HR, Finance, Leadership and IT
• Knowledge and correct handling of all types of payments, deductions and contributions including special benefit elements (bonus, gross-up, per diem, incentive, stock option etc.), adjustments and corrections via payroll
• Output validation: Identification, analysis, and correction of errors via reconciliation of payroll data
• Accurate handling of termination payments, such as payments after leaving, recovery of advance payments/loans, special payment packages in case of redundancy etc.
• Preparation and processing of manual, supplementary and off-cycle/on-demand payments
• 3rd party declarations and payments

Vendor relationship management

• Finalization of payroll schedules and calendars in cooperation with all involved parties in accordance with local regulations and Flowserve’s global payroll procedures and best practices
• Continuous monitoring and coordination of payroll vendor activities to ensure timely and accurate performance of payroll tasks.
• Monitoring of ongoing or open issues until their resolution is completed
• Joining service calls with the vendors and making sure issue logs are complete, meeting minutes are accurate
• Partnering with the payroll and the benefits vendors to drive process alignment, as well as the identification and resolution of new or recurring issues
• Completing a monthly internal log of statistics for billing purposes

Compliance

• Review and control of payroll output data in accordance with Hungarian Labour Law, SOX guidelines and Flowserve’s global payroll procedures and best practices
• Accurate and timely handling of absence-related cases (sick leave, maternity, etc.). Understanding of UKG Kronos for compliant absence / OT handling
• Creation or validation of statutory declarations, and other payroll related documents in cooperation with the payroll vendor
• Accurate and timely management of payments to employees, authorities and other third parties according to the deadlines defined in the payroll calendar
• Accurate and timely handling of statutory reporting and filing according to local regulations
• Audit support related to payroll activities and coordination of timely completion of audit requests
• Coordination of tax year-end processing and filing according to the local statutory requirements
• Creation, updating, and maintenance of desktop procedures for all payroll processes in accordance with local legislative compliance, HR policies and Flowserve’s global payroll procedures and best practices

Collaboration and customer service

• Partnering with other teams to drive process alignment, as well as the identification and resolution of new or recurring issues
• Professional handling of employee inquiries via ticketing system (or other channels)
• Acting as first point of contact regarding any payroll related questions or escalations
• Providing support regarding benefit administration tasks (healthcare, insurance, fringe benefits etc.) where needed
• Review and adjustment of processes in case of need, including making proposals for process improvement
• Coordination of monthly and ad-hoc employee communication on important updates with impact on employees’ pay or about process changes
• Assistance in system testing due to legal updates, version upgrades or any other enhancements to the systems as needed
• Acting as a back-up for other payroll operations within the EMA region (country specific training will be provided)

Your profile:

• College / University degree
• 3+ year of experience in working in end-to-end payroll processing HUN payroll with 500+ employees
• Routine in statutory/third-party reporting and payment, GL, internal and external reporting
• Native Hungarian language knowledge
• Fluent English for regional collaboration and supporting non-Hungarian employees
• Profound understanding of HUN Social Security / with a focus on Maternity Leave / Return process
• Knowledge of UKG Kronos and its reporting functions in accordance with Hungarian Labour Law
• Experience with Workday or similar HR system
• Advanced excel knowledge

Expectations

• Excellent analytical skills and attention to detail
• Excellent written and oral communication skills in both English and Hungarian
• Strong customer service skills: even in person or via chat/phone
• Advanced user of MS Office (Excel, Word, Outlook)
• Ability to work independently and diligently under pressure with minimal supervision
• Great time management skills
• Proactivity
• Excellent problem-solving skills
• Flexibility regarding working patterns in payroll peak periods
• Ability to support and participate in global projects related to payroll
• Ability to create and maintain end-to-end process documentation
• Good relationship management (internal departments, external vendors)
• Attention to the right treatment of confidential and sensitive data at all times
• Demonstration of professional behavior during work at all times

What we offer you:

• Friendly multicultural environment and team events
• Life, accident and health insurance
• Cafeteria Package
• Career development and training opportunity
• Opportunity for hybrid work

If this sounds like you and you are interested in a growth mindset role with a global leader in the fluid control industry, then click APPLY with your English CV and one of our Talent Acquisition team with get in touch with you soon.